January 27, 2020 - January 29, 2020

Tranway IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Tranway IPO.

Tranway IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	1	0	0	0
%	0.00	100.00	0.00	0.00	0.00

Tranway IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Tranway IPO Review by Dilip Davda (May apply)

[Dilip Davda] TTL is in a highly competitive and fragmented segment. It is posing threats from big players. Financial data has no match for the asking price even at par value. Higher equity base post issue with negligible top line raises concern. LM has poor track record. Although it has positive NAV and higher acquisition cost of shares by the promoters, only cash surplus, risk savvy investors may consider investment for long term at their own risk. Read detail review...

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